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You purchase one IBM July 120 put contract for a premium of $5. You hold the option until the expiration date when IBM stock sells
You purchase one IBM July 120 put contract for a premium of $5. You hold the option until the expiration date when IBM stock sells for $123 per share. You will realize a ______ on the investment. A) $300 profit B) $200 loss C) $500 loss D) $200 profit
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